From the course: Forbes 400 Private Equity Leader Steve Klinsky (Thirty Minute Mentors)
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Investing in and growing businesses
From the course: Forbes 400 Private Equity Leader Steve Klinsky (Thirty Minute Mentors)
Investing in and growing businesses
- Steve, can you describe your process once you invest in a company? A stat that I love is that New Mountain has added or created over 43,000 net jobs, which is incredible. I want to see if you could explain to listeners what steps you and your team take to add value once you come into a company. - Yeah, okay. I'll talk about what we do, and then, that's one of the stats. There's some other ones we're proud of, too, but there's basically two major investment ideas that New Mountain's lived off of. We're now 21 years old, and I've been doing this for over 40 years. The first idea is defensive growth, which is, we go out of our way to pick sectors that we think can do well for the next 10 years whether the macro economy is good or bad. A lot of your future's determined by what sector you choose to go in. This is true; this is advice I'd give you before you take a job. Let's say you're not in private equity. If…
Contents
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The evolution of the private equity industry3m 21s
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Breaking into and succeeding in private equity3m 29s
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Investing in and growing businesses5m 46s
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Management and leadership6m 33s
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Risk management2m 3s
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Turn lemons into lemonade4m 12s
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Deciding to go out on your own1m 15s
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Solving problems and paying it forward3m 49s
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